Name: Gold, Silver Rates today September 29, 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata
Uploaded: 2023-09-29T10:33:43.000+05:30
Duration: T00M24S
Channel: Editorji News Desk
Description: The average price of 1 gram of 22K Gold stood at ₹5,365 while the cost for 24K gold prices stood at ₹5,853 and 1 kg silver stood at ₹74,700

As the rate of inflation eases to the lowest in 40 months along with the strengthening client demand and more favourable input supply, the Manufacturing PMI for November has risen to 56

November manufacturing PMI rises to 56 as inflationary pressure retreat

<h2>As the rate of inflation eases to the lowest in 40 months along with the strengthening client demand and more favourable input supply, the Manufacturing PMI for November has risen to 56</h2>

Manufacturing PMI:&nbsp;The manufacturing sector has continued to do well in November with PMI rising to 56. After slowing a bit in October, the growth gathered pace as strengthening client demand and more favourable input supply boosted production volumes.&nbsp;
A reading of over 50 indicates expansion, while that of below 50 denotes contraction.
<h3>Inflationary pressure retreat</h3>
The inflationary pressure has retreated as the rise in purchase cost was modest in the month. This compared to the series of price rise that started in August 2020. Although average purchasing costs rose again, the rate of inflation eased to the lowest in the current 40-month sequence of increases.
Also Read: <a href="https://www.editorji.com/business-news/india-s-manufacturing-activity-hits-three-month-high-in-august-pmi-rises-to-58-6-1693559123351">India's Manufacturing Activity Hits Three-Month High In August, PMI Rises To 58.6</a>
The rise in cost has translated into increased selling prices. Pollyanna De Lima, Economics Associate Director at S&amp;P Global Market Intelligence noted that Firms' ability to secure new business, both domestically and from abroad, remained central to the success of the sector
As per PTI, the strong performance of the manufacturing sector is expected to continue in 2024 as well.&nbsp;

While emphasising on having a proper financial plan, Suresh Sadagopan also pointed out at the need for having enough trust between the clients and the financial advisors

Invest Smart: How to decide if you need a financial advisor?

<h2>While emphasising on having a proper financial plan, Suresh Sadagopan also pointed out at the need for having enough trust between the clients and the financial advisors</h2>

Comfort comes with planning. Having a financial plan in place propels you towards the goals you want to achieve to have a life of your dreams. While some are well-versed in handling their finance, some might prefer to have a financial advisor.
In this episode of Invest Smart we dwell in to the deciding factors of hiring a financial advisor. Suresh Sadagopan, Founder, Ladder7 Financial Advisories sheds light on what a financial advisor brings to the table.
<h3>Financial Planning</h3>
Sadagopan emphasises on having a proper financial plan as the major part of our prime years are spent in earning money. However, with time, as the earnings increase we stop paying the attention it requires. Sadagopan points out that this lack of attention stems from the lack of interest most people have towards finances. But anybody who is earning should have a plan for their money, he insists.
"Over a period of time we start earning a very significant amount of money. Once we start earning that much amount of money, we don't pay too much attention to it", says Suresh Sadagopan. "You need to have a plan for your money", he adds.
<h3>Who needs a financial advisor?</h3>
According to Sadagopan, a financial advisor is not neccessary if you are able to spend your time on keeping yourself up to date on all the developments regarding product, economy and markets. This inclination, he estimates, is exhibited by only 1% of the people.
The rest 99% get influenced by their friends, colleagues, television and newspaper while taking financial decisions. These people require a financial advisor, Sadagopan says.
"Mostly you do what your friend is doing, what your colleague is doing, what you have watched on television, what you have read on newspaper. That doesn't work well for most people. 99% of people require a financial advisor", Said Sadagopan
<h3>Financial advisor's role</h3>
Meanwhile, a financial advisor must be well aware of the status and requirement of their clients before suggesting an investment strategy. Sadagopan says having a full account of the investor's goals and financial state will help in deciding the kind of products, asset allocation, and risk.
Sadagopan also insists on establishing trust between the clients and advisors. He mentions that a client should both trust the advisor as well as understand the advices.&nbsp;
If you do not have a financial advisor yet, Sadagopan insists on having a liquidity to cover 3 to 6 months of expenses including the EMIs and the near term goals. He also pointed out the importance of having a contigency fund, appropriate insurances (medical and life). Sadagopan further insisted on creating a retirement fund. He says, once all of this is done, you can spend the rest of the money guilt free.

On Monday, Singhania, however, assured employees and board members that it is "business as usual" in the company and he is fully committed towards its smooth functioning

Raymond's independent directors hire legal counsel amidst Gautam Singhania's family feud

<h2>On Monday, Singhania, however, assured employees and board members that it is "business as usual" in the company and he is fully committed towards its smooth functioning</h2>

Raymond's independent directors have taken a proactive step by engaging senior legal counsel, Berjis Desai, to guide them through the ongoing marital discord between Chairman Gautam Singhania and his estranged wife, Nawaz Modi. In response to the situation, the IDs emphasized their vigilance and assurance to protect stakeholders' interests while maintaining a dispassionate approach.
The IDs clarified that while they remain watchful, they aren't mandated to delve into the personal disputes between the company's promoter directors. This move follows allegations of assault made by Modi against Singhania, prompting proxy advisory firm IiAS to recommend an investigation by the IDs.
Meanwhile, Singhania assured the company's normal functioning, addressing employees and the board, emphasizing that his personal life should not affect the company's dignity. This comes amidst Raymond's recent financial report, citing a slight profit increase in Q2 FY24, even as the company.&nbsp;
Also read/watch - <a title="₹2,000 notes: 2.74% of notes still with public says RBI" href="https://www.editorji.com/business-news/economy/2-000-notes-ban-2-74-of-notes-still-with-public-says-rbi-1701419660967">₹2,000 notes: 2.74% of notes still with public says RBI</a> Gautam Singhania's family feud
Earlier November, Singhania announced that he has separated from his wife Nawaz, in an announcement that comes amid speculation over the future of their 32-year relationship.
The billionaire industrialist, whose net worth is reported to be over Rs 11,000 crore, made the announcement over microblogging platform X, saying it was not the same Diwali as in the past.
The industrialist is helming the multi-decade old group having roots in textiles, which branched out into newer ones like real estate. The couple has two children.&nbsp;

On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation

₹2,000 notes: 2.74% of notes still with public says RBI 

<h2>On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation</h2>

The Reserve Bank of India (RBI) reported that approximately 97.26% of the Rs 2,000 banknotes have been returned to the banking system, leaving only around Rs 9,760 crore still in circulation among the public.
Since the announcement of withdrawal on May 19, the total value of Rs 2,000 banknotes in circulation decreased from Rs 3.56 lakh crore to Rs 9,760 crore as of November 30, 2023.
Despite this reduction, the RBI confirmed that Rs 2,000 notes remain legal tender and can be deposited or exchanged at any of the 19 RBI offices across India. India Post also facilitates the sending of Rs 2,000 notes to RBI Issue Offices for credit to bank accounts.
Also read/watch - <a title="Profit Booking: Tata Technologies shares crash 8%; m-cap slips below Rs 50,000 crore" href="https://www.editorji.com/business-news/markets/profit-booking-tata-technologies-shares-crash-8-m-cap-slips-below-rs-50-000-crore-1701417177382">Profit Booking: Tata Technologies shares crash 8%; m-cap slips below Rs 50,000 crore</a>
Initially, the deadline for depositing or exchanging these notes was September 30, later extended to October 7. As of October 8, individuals have the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at the 19 RBI offices.
There have been observed queues at RBI offices during working hours for the exchange or deposit of Rs 2,000 notes. These offices are located in major cities across India.
The Rs 2,000 banknotes were introduced in November 2016 following the demonetisation of the Rs 1,000 and Rs 500 notes that were then in circulation.

After a marvelous show on the first day of its listing in the Dalal Street with share price closing at Rs 1,314.25, Tata Technologies shares plunged 8% during the early trade on Friday due to profit booking

Profit Booking: Tata Technologies shares crash 8%; m-cap slips below Rs 50,000 crore

<h2>After a marvelous show on the first day of its listing in the Dalal Street with share price closing at Rs 1,314.25, Tata Technologies shares plunged 8% during the early trade on Friday due to profit booking</h2>

Tata Technologies shares:&nbsp;Amid profit booking, the shares of Tata Technologies plunged about 8% during the early trading session on Friday. On the second day of trading the stock fell sharply, heading towards its listing price.
<h3>Share Price</h3>
On its maiden trading session Tata Technologies shares closed at Rs 1,314.25. At around 12:15 PM, the stock was trading at around Rs 1,229. The total market capitalization also dropped below Rs 50,000 crore before making a slight recovery to reclaim the mark.
Also Read: <a href="https://www.editorji.com/business-news/markets/tata-technologies-ipo-shares-list-at-140-premium-over-ipo-price-1701325241530">Tata Technologies IPO: Shares list at 140% premium over IPO price</a>
<h3>Profit Booking</h3>
Profit Booking is a strategy adopted by investors to gain profit by selling the shares they are holding. In the stock market world, when you invest your money in stocks, or buy shares of any company with the expectation that it will rise and you can sell at a higher point and book some profits. It is simply the act of selling the security to gain some profits by liquidating your investment in the stock market whether it's in the cash market or derivatives segment.
<h3>Tata Technologies IPO</h3>
The share prices of Tata Tech on the first day of its listing was at Rs 1,200 - a 140% premium over its issue price at Rs 500. By the time of closing, the stock surged another 17% and settled at Rs 1,400 taking the overall gains to 180 per cent over the issue price.
Tata Technologies was the first company of the Tata group to go public in nearly two decades. It sold its IPO in the range of Rs 475-500 apiece with a lot size of 30 shares. The issue was open for bidding between November 22 and November 24 to raise a total of Rs 3,042.51 crore, which was entirely an offer for sale by the promoter and other selling shareholders of the company.
The issue saw a huge demand across all the categories of investors. It saw an overall subscription of 69.43 times, attaching 73,58,222 bids worth more than Rs 1 lakh crore.

Oil Marketing Companies revise cooking gas and ATF prices on the 1st of every month based on the average international price in the previous month

LPG price hike: Government increases commercial cylinder rates, check latest price in your city

<h2>Oil Marketing Companies revise cooking gas and ATF prices on the 1st of every month based on the average international price in the previous month</h2>

LPG Price Hike:&nbsp;Oil Marketing Companies increased the prices of commercial LPG cylinders by Rs 21 , effective immediately. The prices of domestic LPG cylinders are unchanged at ₹903 per 14.2-kg cylinder.
This comes after Rs 100 increase on November 1, and a subsequent reduction of ₹57 on November 16. Meanwhile the last modification in non-subsidized domestic LPG cylinder rates occurred on August 30
Also Read:<a href="https://www.editorji.com/business-news/economy/commercial-lpg-cylinder-price-hike-ahead-of-diwali-1698829509603">Commercial LPG cylinder price hike ahead of Diwali</a>
&nbsp;Jet fuel or ATF price was also slashed by 4.6% - the second reduction in one month. Aviation turbine fuel (ATF) price was reduced to Rs 1,06,155.67 per kilolitre in the national capital from Rs 1,11,344.92 per kl, according to a price notification of state-owned fuel retailers
<h3>Commercial LPG cylinders price - Indian Top Cities</h3>
Delhi - Rs 1796.50
Mumbai - Rs 1749
Kolkata - Rs 1908
Chennai - Rs 1968.50
&nbsp;

The average price of 1 gram of 22K Gold stood at ₹5,770 while the cost for 24K gold prices stood at ₹6,295 and 1 kg silver stood at ₹79,500

Gold, Silver Rates today December 01, 2023: Check Prices in Mumbai, Delhi, Chennai

The average price of 1 gram of 22K Gold stood at ₹5,811 while the cost for 24K gold prices stood at ₹6,339 and 1 kg silver stood at ₹78,500

<h2>The average price of 1 gram of 22K Gold stood at ₹5,770 while the cost for 24K gold prices stood at ₹6,295 and 1 kg silver stood at ₹79,500</h2>

Gold Silver Price Today 01 December 2023: Gold prices declined and silver prices remained unchanged on the Multi Commodity Index on Friday.&nbsp;
The average price of 1 gram of 22K Gold stood at ₹5,770 while the 24K gold prices stood at ₹6,295.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹63,820, which was followed by Delhi and Jaipur where the gold costs ₹63,100.&nbsp;
The average price of 10gm of Silver was at ₹795 and 1 kg of silver stood at ₹79,500.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹82,500 followed by Delhi and Mumbai where the metal was sold at ₹79,500
<h3>24 Carat Gold Price Today December 01 (per 10gm) - Indian Top Cities</h3>
Delhi - ₹63,100 Chennai - ₹63,820 Mumbai - ₹62,950 Kolkata - ₹62,950 Bengaluru - ₹62,950
<h3>1 KG Silver Price Today December 01 - Indian Top Cities</h3>
Delhi - ₹79,500 Chennai - ₹82,500 Mumbai - ₹79,500 Kolkata - ₹79,500 Bengaluru - ₹78,500

The Nifty climbed almost 100 points, touching 20,229. The Sensex gained over 300 points to rise to around 67,300

Nifty hits an all-time high driven by strong Q2 GDP growth, renewed FPI interest

<h2>The Nifty climbed almost 100 points, touching 20,229. The Sensex gained over 300 points to rise to around 67,300</h2>

Indian stock market opened with strong gains on Friday, with the Nifty Fifty hitting an all time high. Better than expected economic growth during the second quarter and a resurgence in Foreign Portfolio Investor (FPI) contributions boosted the sentiment on Dalal Street. The Nifty climbed almost 100 points, touching 20,229.
The Sensex gained over 300 points to rise to around 67,300.Among the notable winners driving the Nifty up were NTPC, Apollo Hospitals, UltraTech Cement, IndusInd Bank, and Asian Paints. Conversely, Bajaj Auto, Wipro, Axis Bank, HDFC Bank, and ICICI Bank faced declines, tempering the overall gains.
Also read/watch - <a title="Bankrupt Go First's CEO Kaushik Khona resigns" href="https://www.editorji.com/business-news/markets/bankrupt-go-first-s-ceo-kaushik-khona-resigns-1701402511313">Bankrupt Go First's CEO Kaushik Khona resigns</a>
<h3>India's Q2FY24 GDP surges 7.6%</h3>
India's economic landscape has shown remarkable resilience as the Gross Domestic Product (GDP) surged by 7.6% in the second quarter (July-September) of the fiscal year 2023-24, as per the latest data unveiled by the National Statistical Office (NSO) on Thursday. This notable growth outpaced the projections set by financial analysts, marking a substantial upturn for the nation.
The figures depict a significant improvement compared to the previous year, with the year-on-year (YoY) growth standing at 6.2%. On a quarter-on-quarter (QoQ) basis, the growth stood slightly below at 7.8%, signaling a robust economic recovery trajectory.&nbsp;

Gold, Silver Rates today November 30, 2023: Check Prices in Mumbai, Delhi, Chennai

<h2>The average price of 1 gram of 22K Gold stood at ₹5,811 while the cost for 24K gold prices stood at ₹6,339 and 1 kg silver stood at ₹78,500</h2>

Gold Silver Price Today 30 November 2023: Gold prices went up and silver prices remained unchanged on the Multi Commodity Index on Thursday.&nbsp;
The average price of 1 gram of 22K Gold stood at ₹5,811 while the 24K gold prices stood at ₹6,339.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹64,040, which was followed by Delhi and Jaipur where the gold costs ₹63,540.&nbsp;
The average price of 10gm of Silver was at ₹785 and 1 kg of silver stood at ₹78,500.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹81,500 followed by Delhi and Mumbai where the metal was sold at ₹78,500
24 Carat Gold Price Today November 30 (per 10gm) - Indian Top Cities Delhi - ₹63,540 Chennai - ₹64,040 Mumbai - ₹63,390 Kolkata - ₹63,390 Bengaluru - ₹63,390
1 KG Silver Price Today November 30 - Indian Top Cities Delhi - ₹78,500 Chennai - ₹81,500 Mumbai - ₹78,500 Kolkata - ₹78,500 Bengaluru - ₹76,250

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#AssemblyElections

The average price of 1 gram of 22K Gold stood at ₹5,365 while the cost for 24K gold prices stood at ₹5,853 and 1 kg silver stood at ₹74,700

Gold, Silver Rates today September 29, 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

<h2>The average price of 1 gram of 22K Gold stood at ₹5,365 while the cost for 24K gold prices stood at ₹5,853 and 1 kg silver stood at ₹74,700</h2>

Gold prices went down and Silver prices went up on the Multi Commodity Index on Friday.&nbsp;
The average price of 1 gram of 22K Gold stood at ₹5,365 while the 24K gold prices stood at ₹5,853.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹58,800, which was followed by Delhi and Lucknow where the gold costs ₹58,680.&nbsp;
The average price of 10gm of Silver was at ₹747 and 1 kg of silver stood at ₹74,700.
However, in Chennai, Hyderabad and Kerala the metal was sold at ₹77,500, followed by Mumbai and Delhi where the metal was sold at ₹74,700
Indian Major Cities 24 Carat Gold Rate per 10gm Today September 29
Delhi - ₹58,680 Chennai - ₹58,800 Mumbai - ₹58,530 Kolkata - ₹58,530 Bengaluru - ₹58,530
Indian Major Cities 1 KG Silver Rate Today September 29
Delhi - ₹74,700 Chennai - ₹77,500 Mumbai - ₹74,700 Kolkata - ₹74,700 Bengaluru - ₹72,500

While the Head of Retail Research at HDFC Securities Deepak Jasani expects 1-1.5% surge in the market, Amit Kumar Gupta has said that Nifty50 can test 20-620-20,810 during the week

5 states election: BJP's performance may encourage investors, market likely to gain on Monday

<h2>While the Head of Retail Research at HDFC Securities Deepak Jasani expects 1-1.5% surge in the market, Amit Kumar Gupta has said that Nifty50 can test 20-620-20,810 during the week</h2>

The outcome of the elections with BJP coming victorious may help Indian equity markets to gain. As per Analysts who spoke to Moneycontrol, the markets are expected to cement gains as the BJP is set to form government in three Hindi heartland states - Madhya Pradesh, Rajasthan and Chhattisgarh.
<h3>Share Market Gain</h3>
Moneycontrol quoted StoxBox's Director - Research Swapnil Shah and said that the image of BJP as a pro-reformist has provided market participants with confidence.&nbsp;
&ldquo;If the final results of the state elections are in BJP&rsquo;s favour, we expect markets to further cement gains. The image of the BJP as a pro-reformist and the performance of the economy on various fronts, especially during the COVID period and gloomy global economic situation, have provided market participants confidence that a dual-aided right-wing government is beneficial in the longer term,&rdquo; Swapnil Shah told Moneycontrol.
Also Read: <a href="https://www.editorji.com/business-news/markets/5-states-election-here-s-how-the-results-will-affect-the-share-markets-1701588437210">5 states election: Here's how the results will affect the share markets</a>
He further added that this victory would send a strong message to investors betting on India&rsquo;s rising growth potential. The victory would also position India on a stronger footing as compared to its peers, according to Swapnil Shah.
Meanwhile the Head of Retail Research at HDFC Securities Deepak Jasani has told Moneycontrol that he expected a 1-1.5% surge in the market when it resumes trading on December 4. He further reasoned out that it is unlikely to have 3-4% gains as the election results were already factored in the previous week's gain.
&ldquo;Investors might take profits after recent gains. Watching how foreign investors react to election results; if they keep buying, market momentum should stay. After the election, focus shifts to RBI, Fed actions, global tensions, and the May general election,&rdquo; Jasani told Moneycontrol.
Amit Kumar Gupta, research analyst at Fintrekk told the publication, that if Nifty50 can sustain above 20,430, it can test 20,620-20,810 during the week. &ldquo;Bank Nifty can also test 46,120 as immediate resistance with a 5-7 percent rally immediately if that level breaks out on the upside. Valuation comfort is less in small and mid-caps though stock-specific returns may continue,&rdquo; Gupta told Moneycontrol.
Moneycontrol quoted Rajesh Palviya, Head - of Technical &amp; Derivative Research, at Axis Securities and said that Nifty can hit 20,500 and Bank Nifty reaching 45,600-45,800 levels on Monday.

Women in Madhya Pradesh aged between 23 to 60 years of age who have less than 5 acres of land or an annual income of less than Rs 2.5 lakhs are eligible to get the benefits of Laadli Behna yojana

BJP sweeps Madhya Pradesh polls with 'Ladli Behna Yojana'; here's everything you need to know

<h2>Women in Madhya Pradesh aged between 23 to 60 years of age who have less than 5 acres of land or an annual income of less than Rs 2.5 lakhs are eligible to get the benefits of Laadli Behna yojana</h2>

The Bharatiya Janata Party has swept the Madhya Pradesh polls. The party has overcome all the prediction of anti-incumbency that was on rise due to unemployment and elevated inflation. This is how BJP successfully rode this anti-incumbency wave landing safely on the shore.
Its strategy to target the women voters has paid off well. Notably, out of the 5.6 crore voters in Madhya Pradesh, 2.7 crore are women. Similarly, out of the 230 assembly constituencies, women outnumber men in 29.
Reacting to the early trends of the poll result, Madhya Pradesh Chief Minister Shivraj Singh Chouhan highlighted the 'Ladli Behna Yojana' scheme's role for the landslide victory. "I had said BJP will get a comfortable majority and we are getting it. I give the whole credit to Ladli Behnas for this impressive performance", Shivraj said.
Civil Aviation Minister Jyotiraditya Scindia too lauded the scheme, calling it a game changer. "I express my gratitude to every single person of the state. This is the result of the BJP's double engine government, PM Modi's leadership, guidance of Union Home Minister Amit Shahji, and party president JP Naddaji, and welfare schemes implemented by CM Shivraj Singh Chouhan...Ladli Behna scheme is a game-changer and the full credit for it goes to Shivraj Singh Chouhan," Scindia said
<h3>Ladli Behna Yojana</h3>
BJP had set the stage for the assembly elections early in March. Madhya Pradesh's Finance Minister Jadgish Devda introduced the 'Ladli Behna Yojana' in his 2023 Budget speech. The government had allocated Rs 8,000 crore for the scheme. Under this welfare scheme about 12 million women would receive Rs 1,000 every month which will be progressively raised to Rs 3,000. The amount would be credited on the 10th of every month.
&ldquo;This scheme has been started with Rs 1,000 per month, but I will not give only one thousand. The amount will increase gradually,&rdquo; Chouhan said. &ldquo;I will increase it to Rs 1,200 per month and Rs 1,500 per month. As soon as the money is arranged in the coming year, I will increase it to Rs 3,000 per month&rdquo;, he added.
As per Moneycontrol, this was seen as a smart counter-attack against the Congress&rsquo;s poll guarantee of providing Rs 1,500 per month to women if voted to power. The process of accepting the application for the scheme began on 5th March 2023 - Shivraj Singh Chouhan's 65th birthday. While launching the scheme, Chouhan urged women to strengthen their families with the money they got through the program. Women began to get the benefits of the scheme from June 10.
<h3>Eligibility criteria</h3>
Women aged between 23 and 60 years who have less than 5 acres of land or an annual income of less than Rs 2.5 lakhs are eligible to get the benefits of Laadli Behna yojana. They also must be a resident of Madhya Pradesh.
For easy application, the government also formed groups to reach women in every village and ward. Shivraj Singh Chouhan via a post in X (formerly Twitter) mentioned that a team of employees will visit every village and ward of the state and will help the women to fill up the form and there is no need to wander anywhere. For this year, the application closed on April 30
<blockquote class="twitter-tweet">
मुख्यमंत्री लाड़ली बहना योजना का लाभ लेने के लिए बहनों को कहीं भटकने की आवश्यकता नहीं है। प्रत्येक गाँव तथा वार्ड में कर्मचारियों की टीम आएगी और वहीं बैठकर आपका फॉर्म भरवाया जाएगा।:सीएम श्री <a href="https://twitter.com/ChouhanShivraj?ref_src=twsrc%5Etfw">@ChouhanShivraj</a> <a href="https://t.co/mrA34ntAWF">pic.twitter.com/mrA34ntAWF</a>
&mdash; Office of Shivraj (@OfficeofSSC) <a href="https://twitter.com/OfficeofSSC/status/1632084919882067969?ref_src=twsrc%5Etfw">March 4, 2023</a></blockquote>

The 5% blending of biogas with natural gas supplies in the country can bring down the per capita CO2 emissions by 2% and encourage an investment of around Rs 37,500 crore

5% biogas blending with natural gas proposal can cut LNG imports worth USD 1.17 billion: IBA

<h2>The 5% blending of biogas with natural gas supplies in the country can bring down the per capita CO2 emissions by 2% and encourage an investment of around Rs 37,500 crore</h2>

The proposed 5% blending of biogas with natural gas supplies in the country can cut LNG imports worth $1.17 billion annually, says a study by the Indian Biogas Association (IBA).
<h3>Biogas blending</h3>
The study comes against the backdrop of the government's recent mandate to blend 1% biogas with piped natural gas (PNG) supplies in the country from April 1, 2025 under the compressed biogas blending obligation (CBO) scheme.
The biogas blending is proposed to be further increased to 5% by fiscal year 2028&ndash;29.
According to the study, this blending initiative gels well with the government's macro-level move to make India a gas-based economy, with a target to increase the current share of gas in the energy mix from 6% currently to 15% by 2030.
<h3>IBA Estimates</h3>
The IBA estimates show that 5% blending of biogas with natural gas can reduce LNG imports worth $1.17 billion. This can also bring down per capita CO2 emissions by 2%, benchmarked to the 2019 figure, which was 1.9 metric tonne of CO2 per person in India.
Additionally, the body says preventing organic waste going to landfills can bring innumerable benefits.
The CBO scheme shall encourage investment of around Rs 37,500 crore and facilitate the establishment of at least 750 compressed bio gas (CBG) projects by 2028&ndash;29, as per government estimates.
This is going to improve India's energy security, as it is currently heavily reliant on imported natural gas to meet its energy needs.
Blending biogas with PNG and CBG can help reduce this dependence, which is invaluable.
Biogas blending has the potential to demonstrate a positive correlation with agricultural income growth too, which is the case with ethanol as well.
Every additional large-scale plant can ensure that almost 1,000 acre of nearby biogas plant area can be converted into organic agriculture.
Biogas can be produced from various organic waste sources, such as agricultural waste, municipal solid waste, and food waste.
This can create new economic opportunities for farmers, waste management companies, and other stakeholders involved in biogas production.
Blending of biogas with natural gas will streamline the market for biofuels, making it more investor-friendly by reducing capital and operational costs, the body says.
It also needs to be emphasised that selling biofuels in the market will become smoother, and the ecosystem will benefit from increased investor confidence, IBA stated.&nbsp;

Firms including Google, Microsoft, Goldman Sachs, Jaguvar Land Rover, Flipkart, Deutsche Bank, Tata Capital, Deloitte participated in the placement season

IIT Placements: Over 1,000 offers made in Kharagpur, Delhi, Roorke and BHU campuses on Day 1

<h2>Firms including Google, Microsoft, Goldman Sachs, Jaguvar Land Rover, Flipkart, Deutsche Bank, Tata Capital, Deloitte participated in the placement season</h2>

IIT placements:&nbsp;The placement season in India's premium engineering colleges Indian Institute of Technology begun on December 1 which will go on till May. Like always, companies from across the globe has hired the over 1,000 IITians from Delhi, Kharagpur, Roorke and BHU campuses.
<h3>IIT Delhi</h3>
The class of 2024 from IIT Delhi has baaged 480 full time jobs including pre-placement offers, with around 450 unique selections by the end of Day 1 of the placement season on Friday. Many students have also received multiple job offers.
Also Read: <a href="https://www.editorji.com/business-news/iim-placement-goldman-sachs-bcg-top-recruiters-on-day-1-of-recruitment-in-iim-ahmedabad-1698918351549">IIM Placement: Goldman Sachs, BCG top recruiters on Day 1 of recruitment in IIM-Ahmedabad</a>
The institute in a statement mentioned that more than 360 national and international companies have registered for the hiring process, offering more than 660 job profiles across multiple sectors so far. The top recruiters on Day 1 include Microsoft, Goldman Sachs and Texas Instruments in terms of number of offers given. Around 25 students have received international job offers at locations such as Hong Kong, Japan, the Netherlands, Singapore, South Korea, the UK and the US.
<h3>IIT Roorke</h3>
Meanwhile, IIT Roorkee saw 31 companies offer multiple profiles till Saturday evening. With this, a total of 62 companies have visited the campus since the start of placements on December 1. Companies who made job offers on Day 2 include Accenture, Barclays, Clear (ClearTax), DCM Shriram, Deutsche Bank, Flipkart Internet Pvt. Ltd, Groww, Hilabs, ICICI Lombard, Jaguar Land Rover, Javis, Mastercard, according to a statement shared by the institute. A total of of 440 offers were received.
<h3>IIT Kharagpur</h3>
IIT Kharagpur has bagged over 700 offers including pre placement offers. More than 61 companies made offers at IIT Kharagpur for software, analytics, finance&ndash;banking, consulting and core engineering roles.
Apple, Arthur D.Little, Da Vinci, Capital One, DE Shaw, EXL Services, Glean, Google, Graviton, Microsoft, McKinney, Quantbox, Databricks, Square point and TSM, Palo Alto were among the companies that participated in the campus placements.&nbsp;
IIT Kharagpur in a statement mentioned that the students received more than 19 overseas offers with six students being offered Rs 1 crore-plus packages on the first day of the placement drive.&nbsp;
<h3>IIT-BHU</h3>
IIT-BHU saw 230 offers along with around 307 PPOs from 68 companies. The packages offered to IIT-BHU students ranged between Rs 12.5 lakh and Rs 1.68 crore. Companies that came to the campus include, Google, Flipkart, Deutsche Bank, Tata Capital, Deloitte among others
<h3>Hiring slowsdown</h3>
However, the macroeconomic challenges have reduced the offers made compared to last year. As per Times of India, the number of participating companies at IIT-Bombay are almost the same as last year&mdash;around 350. The number of job announcement forms(JAFs), however, are fewer as compared to last year.
IIT Bombay saw a marginal increase in the number of pre-placement offers (PPOs) accepted - from 194 last year to 200.
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Last week Nifty had gained 2.39% while Sensex gained 2.29%, while in November, the Nifty small cap 100 index jumped 12% while the Nifty 50 rose 5.5%. In 2023 so far, the Nifty is up 12%, the Nifty Midcap is up 38%, and the Nifty Small Cap is up 46%.

5 states election: Here's how the results will affect the share markets

<h2>Last week Nifty had gained 2.39% while Sensex gained 2.29%, while in November, the Nifty small cap 100 index jumped 12% while the Nifty 50 rose 5.5%. In 2023 so far, the Nifty is up 12%, the Nifty Midcap is up 38%, and the Nifty Small Cap is up 46%.</h2>

Poll results: Investors will keep an hawk-eye on the election results of the five states - Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram.
<h3>Poll results' impact</h3>
Experts who spoke to Mint has mentioned that the markets will deliver strong reactions based on the election results. Even though the state assembly polls do not impact the market behaviour it would contribute to its long term performance.
"While state elections are largely a non-event for equity markets from a long-term perspective, there might be some sharp reaction early next week," Pramod Gubbi, founder of Marcellus Investment Management told Mint.
Also Read: <a href="https://www.editorji.com/business-news/november-manufacturing-pmi-rises-to-56-as-inflationary-pressure-retreat-1701434077121">November manufacturing PMI rises to 56 as inflationary pressure retreat</a>
Pravesh Gour, Senior Technical Analyst, Swastika Investmart told Mint that a stable political landscape would bolster investor confidence as the 5 states assembly polls is seen as a semi-finals to 2024 general assembly.&nbsp;
&lsquo;&rsquo;The upcoming state polls are being considered a semi-final before the 2024 assembly elections. A stable political environment could boost investor confidence and drive the market higher. If the election outcome is not favorable, then we can expect a fall of 1-2 per cent in the market, but that will be a buying opportunity as the market will look for the general election in 2024,'' Pravesh Gour told Mint.
Meanwhile, the Mint report quoting Emkay Global Services said that &nbsp;a decisive BJP win will reinforce the consensus view that the party is on the front foot for the 2024 general elections. This would lead to a rally in markets as policy continuity will be viewed as a positive growth shock in the medium term.
<h3>Market performance so far</h3>
The share market opened December with a bullish note. This after buying increased due to the more than expected GDP numbers in the July-September quarter data. The domestic equity benchmark Nifty50 had hit a fresh fresh record highs logging its best week in five months. Even the midcap index ended at a record high for the 15th consecutive session. Out of the 50 Nifty stocks, 31 showed gains since the last record high on September 15, 2023.&nbsp;
The sensex had also hit its 11-week high, logging its fifth straight weekly gain. Nifty50 gained 2.39% while Sensex gained 2.29%. Along with the outperformance of domestically focussed small and mid caps over the blue-chips, all the 13 major sectors also logged gains last week.
In November, the Nifty small cap 100 index jumped 12% while the Nifty 50 rose 5.5%. Meanwhile, the Nifty Midcap 100 rose 10.4%. In 2023, the Nifty is up 12%, the Nifty Midcap is up 38%, and the Nifty Small Cap is up 46%.

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